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SandRidge Energy To Raise $288M In IPO

SandRidge Energy is looking to raise $250 million through an initial public offering of shares in its SandRidge Mississippian Trust I.

SandRidge Energy is looking to raise $250 million through an initial public offering of shares in its SandRidge Mississippian Trust I, a newly formed Delaware trust. The underwriters will have an option to buy an additional $37.5 million in common units within 30 days of closing to cover over allotments.

The common units of the trust will be listed on the New York Stock Exchange. The lead book-running managers of the offering will be Raymond James & Associates and Morgan Stanley.

Click here for the release from PR Newswire.

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